Aug 28, 2018
Newport Group was recently ranked 18th among 60 firms featured in an annual list of top recordkeepers by Plansponsor
magazine, the industry’s leading publication. This year’s ranking positions us firmly among the best-known brands in retirement services, further solidifies our position as one of the largest independent recordkeepers working through financial advisors and reflects the growth of both our qualified and non-qualified retirement business. Newport Group also ranked in the top 3 of most defined contribution plans added in 2017, top 5 in both 403(b) plans and participants and non-qualified plans and participants.
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Source: Plansponsor, July 2018. The 2018 Plansponsor Recordkeeping Survey integrates date from Plansponsor 403(b), 457 and non-qualified deferred compensation (NQDC) buyer’s guides to provide a more complete summary of the defined contribution (DC) market. The results were aggregated from data submitted by 63 service providers that collectively oversee more than $7 trillion in DC assets and are estimated to account for more than 90% of the total defined contribution market. Each provider is ranked in three categories: total plans, total assets and total participants; other rankings/totals reflect only those organizations that reported the associated data. All data, including data reported this year, are as of December 31, 2017; all information from the survey was self-reported.